A deep-pocketed investor has adopted a bearish approach towards Charles Schwab SCHW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of this investor remains unknown, but such a substantial move in SCHW usually suggests insider knowledge. We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Charles Schwab. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 3 are puts, totaling $136,225, and 7 are calls, amounting to $338,647.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $55.0 for Charles Schwab over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Charles Schwab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charles Schwab's significant trades, within a strike price range of $42.5 to $55.0, over the past month.
Charles Schwab 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BEARISH | 11/17/23 | $55.00 | $75.0K | 10.3K | 538 |
| SCHW | CALL | SWEEP | BEARISH | 01/19/24 | $52.50 | $61.8K | 4.2K | 237 |
| SCHW | CALL | SWEEP | BEARISH | 01/19/24 | $52.50 | $61.6K | 4.2K | 484 |
| SCHW | CALL | SWEEP | NEUTRAL | 03/15/24 | $45.00 | $56.1K | 536 | 89 |
| SCHW | CALL | SWEEP | BULLISH | 04/19/24 | $42.50 | $50.7K | 55 | 40 |
Current Position of Charles Schwab
- With a volume of 2,996,315, the price of SCHW is up 0.05% at $55.26.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
What Analysts Are Saying About Charles Schwab:
- Consistent in their evaluation, Morgan Stanley keeps a Equal-Weight rating on Charles Schwab with a target price of $64.
- Maintaining their stance, Raymond James continues to hold a Outperform rating for Charles Schwab, targeting a price of $76.
- Maintaining their stance, JP Morgan continues to hold a Overweight rating for Charles Schwab, targeting a price of $85.
- Consistent in their evaluation, Barclays keeps a Equal-Weight rating on Charles Schwab with a target price of $55.
- Consistent in their evaluation, Barclays keeps a Equal-Weight rating on Charles Schwab with a target price of $57.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Charles Schwab with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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